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BED BATH & BEYOND, INC.·4

May 18, 4:25 PM ET

Nettles William Benjamin JR 4

Research Summary

AI-generated summary

Updated

Bed Bath & Beyond (BBBY) Director William Nettles Receives RSUs, Converts Units

What Happened

  • William Benjamin Nettles, Jr., a director of Bed Bath & Beyond, was granted 35,181 restricted stock units (RSUs) on May 14, 2026 (reported as a $0.00 award). On May 15, 2026, 26,873 derivative units vested and were converted/exercised (reported as acquired); the filing also reports a contemporaneous disposition of 26,873 units at $0.00. The filing also records a prior distribution of 2,286 warrants (from October 7, 2025). No cash prices or dollar values were reported for the conversions or dispositions in this Form 4.

Key Details

  • Transaction dates and types:
    • 2026-05-14: Grant/award — 35,181 RSUs @ $0.00 (unvested; see footnote F2).
    • 2026-05-15: Exercise/conversion — 26,873 units acquired (conversion of vested RSUs; footnote F1).
    • 2026-05-15: Exercise/conversion — 26,873 units disposed @ $0.00 (same day, per filing).
    • 2025-10-07: Grant — 2,286 warrants (pro-rata distribution; footnote F3).
  • Shares/units reported after the transactions: the filing shows the 35,181 RSUs from the May 14 grant (unvested, vesting 5/14/2027 per F2) and the previously issued 2,286 warrants; the 26,873 units that vested on 5/15/2026 were converted and reported as disposed in the filing.
  • Notable footnotes:
    • F1: The 26,873 RSUs vested on 5/15/2026 and vested shares are delivered promptly after vesting.
    • F2: The 35,181 RSUs granted 5/14/2026 vest 5/14/2027.
    • F3: The 2,286 items from 10/7/2025 are warrants (each exercisable for one share at $15.50), originally distributed pro rata.
  • Timeliness: Form 4 was filed on 2026-05-18 for transactions on 5/14–5/15/2026. This filing date is within the standard SEC Form 4 reporting window (filed promptly after the transactions) and is not marked late.

Context

  • RSUs are derivative awards that convert into common shares upon vesting; F1 confirms these RSUs vested and were converted on 5/15/2026. The filing reports both acquisition (conversion) and a same-day disposition of the converted units at $0.00; the Form 4 does not provide a reason for the $0.00 disposition.
  • These entries are award/vesting and conversion events rather than open-market purchases or sales; award grants and vesting are routine forms of executive compensation and do not by themselves indicate the insider’s market view.